Shire PLC Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:SHPG)
Shire PLC (NASDAQ:SHPG) has earned a consensus recommendation of “Buy” from the nineteen brokerages that are covering the company, Analyst Ratings Network reports. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $215.67.
Shire PLC (NASDAQ:SHPG) opened at 231.98 on Monday. Shire PLC has a one year low of $109.75 and a one year high of $258.55. The stock’s 50-day moving average is $240.0 and its 200-day moving average is $181.9. The company has a market cap of $45.344 billion and a P/E ratio of 42.16.
Shire PLC (NASDAQ:SHPG) last issued its quarterly earnings data on Friday, July 18th. The company reported $2.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.45 by $0.22. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $1.79 earnings per share. Shire PLC’s revenue was up 20.0% compared to the same quarter last year. On average, analysts predict that Shire PLC will post $9.96 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Friday, September 5th will be paid a dividend of $0.1149 per share. This represents a dividend yield of 0.09%. The ex-dividend date is Wednesday, September 3rd.
A number of research firms have recently commented on SHPG. Analysts at Leerink Swann upgraded shares of Shire PLC from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $269.00 price target on the stock. Separately, analysts at Buckingham Research downgraded shares of Shire PLC from a “buy” rating to a “neutral” rating in a research note on Monday, July 21st. Finally, analysts at SunTrust downgraded shares of Shire PLC from a “buy” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $269.00 price target on the stock, up previously from $250.00.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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